Change - Announcement of Appointment::Appointment of Director and Group Managing Director

Issuer & Securities

Issuer/ Manager
GL LIMITED
Securities
GL LIMITED - BMG392401094 - B16
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
16-Sep-2016 17:24:41
Status
New
Announcement Sub Title
Appointment of Director and Group Managing Director
Announcement Reference
SG160916OTHRTWTV
Submitted By (Co./ Ind. Name)
SUSAN LIM
Designation
GROUP COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
Appointment of Director and Group Managing Director

Additional Details

Date Of Appointment
15/09/2016
Name Of Person
Tang Hong Cheong
Age
61
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Upon the recommendation of the Nominating Committee which reviewed the qualifications and experience of Mr Tang Hong Cheong, Mr Tang has been appointed as a Director of the Company, and as the Group Managing Director of the Company to fill the top executive position left vacant when the Company s former Chief Executive Officer, Mr Michael DeNoma, resigned from the Company.
Whether appointment is executive, and if so, the area of responsibility
The appointment is executive. Mr Tang is the Group Managing Director for the Company and will direct and manage the Company and its subsidiaries.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Director and Group Managing Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Conflict of interests (including any competing business)
President & CEO of Guoco Group Limited, a deemed substantial shareholder of GuocoLand Limited.
Working experience and occupation(s) during the past 10 years
HL Management Co Sdn Bhd:
Jan 2010 31 Aug 2016: President/Finance Director
Jan 2005 Dec 2009: Finance Director
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
GL Limited:
300,000 shares
200,000 options over shares
Other Directorships
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
See Annex A
Present
See Annex B
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of a listed company?
Yes
If Yes, Please provide details of prior experience
Mr Tang Hong Cheong was a Director of Southern Steel Berhad, listed on the Main Market of Bursa Malaysia Securities Berhad ( Bursa Securities ). He was also the non-executive chairman of GLM REIT Management Sdn Bhd, an indirect subsidiary of Guoco Group Limited, which the Manager of Tower Real Estate Investment Trust ( Tower REIT ). Tower REIT is an associate of GuocoLand Limited listed on the Main Market of Bursa Securities.

He is currently a Director and President & CEO of Guoco Group Limited and a Director of Lam Soon (Hong Kong) Limited, both listed on the Main Board of The Stock Exchange of Hong Kong Limited.

Attachments

Annex_A_THC.pdf
Annex_B_THC.pdf
Total size =20K